The second cycle of the Small Business Administration (SBA) emergency coronavirus loan program is struggling to bounce back from a disastrous start. An application crush blocked thousands of angry lenders and desperate business owners on Monday, forcing many applicants to try again Tuesday after waiting weeks for the new money pool. After President TrumpDonald TrumpSupreme…

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On December 22, 2020, Congress passed the new stimulus bill that includes new Paycheck Protection Program loans and new EIDL grants along with other small business support. Learn more about this legislation and apply for a new PPP loan here. Need more funding? Nav serves almost all types of businesses, and our experts will find…

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The City of Carrboro has announced the first recipients of funding from its emergency loan and grant fund, all of which are small local businesses. The city shared the statement on Wednesday, revealing the top 12 Carrboro-based companies that have been fully or conditionally approved to receive emergency funds. The list includes companies like Grow…

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Under the CARES (Coronavirus Aid, Relief, and Economic Security) law passed by Congress last week, there should be some relief for small businesses. A program, called the Paycheck Protection Program (PPP), begins this Friday. It offers forgivable loans to keep employees on the payroll for at least a few months. However, PPP, which will be…

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